Sydney’s Next Capital made its limited partners a motza on iseek Communications, generating four-times money in three years. Now, its dealmakers are ready to place another bet on the red-hot sector.
Street Talk can reveal Next Capital’s $375 million fifth fund has agreed to acquire Tokyo-listed Fujitsu’s five Australian data centres. The sale price was not disclosed, however, Next is said to have paid just under the portfolio’s $200 million replacement value.
Next will take ownership of Fujitsu’s up-and-running data centres in NSW’s Homebush and Greystanes, Queensland’s Eight Mile Plains, Victoria’s Noble Park and Western Australia’s Malaga. The deal does not include the North Ryde asset or underlying land…
